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media -- they buried this on page 11 in today's edition of the washington post. it seems to me, it deserves far better attention and would be gettingerring more attention if this were a republican president. your thoughts? >> there is no doubt about that. as you know, if the sun rises in the east, you know, if any of this had occurred on the previous president's watch, they would have been all over the place. but the new york times had it on the front page because it's a little bit hard to ignore. you have to have pretty extreme to put it on page 11. but it's very scathing. but there is something about this, it's scathing, but it is nonspecific. it basically spreads around the blame, without naming names. so we get these deputy secretaries who resigned. but the questions we still don't know and we won't know until we hear the testimony from the secretary of state, what did she know, when did she continue? where was she on the day? did she give any orders? and that also applies to the president. we don't know what he was doing in the seven, eight hours of that ter
media -- they buried this on page 11 in today's edition of the washington post. it seems to me, it deserves far better attention and would be gettingerring more attention if this were a republican president. your thoughts? >> there is no doubt about that. as you know, if the sun rises in the east, you know, if any of this had occurred on the previous president's watch, they would have been all over the place. but the new york times had it on the front page because it's a little bit hard...
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Dec 20, 2012
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it is a war of words over the fiscal cliff in washington. the president blasting republics today for their refusal to take his latest offer, calling it puzzling. republicans are doubling down on the plan b. he called the veto thrt bizarre and irrational. $500 billion in tax hikes closer to every amerin. >> there has to be a recognition onhe part of my republican friends that take the deal. but they keep on finding ways to say no. i don't know how much of that just has to do with this. it is very hard for them to say yes to me. gerri: what he stated that? >> it is incredibly sad and frustrating, that's what that is. the president, through the entire campaign, says wants a balanced aproach. we have increased spending from 2007 to 2012. $1 trillion. year over year. a trillion dollars. revenues at record highs. >> let's talk for a second about the republican response. gerri: white house is opposition for the backup plan. it is growing more bizarre and irrational by today. is this the kind of conversation that is going to get something done in wa
it is a war of words over the fiscal cliff in washington. the president blasting republics today for their refusal to take his latest offer, calling it puzzling. republicans are doubling down on the plan b. he called the veto thrt bizarre and irrational. $500 billion in tax hikes closer to every amerin. >> there has to be a recognition onhe part of my republican friends that take the deal. but they keep on finding ways to say no. i don't know how much of that just has to do with this. it...
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. >> a perfect storm is brewing in washington and at this hour. the house gets set to vote on plan b which the white house has said is a nonstarter. house speaker boehner will hold a news conference in about 15 minutes or so. we will take it live here. first, to john hart wood at the white house. john? >> sue, we've had a pretty relentless game of messaging bing pong between democrats and republicans today. we hear from eric cantor about plan b that house intends to take up. then we heard from harry reed, now just behind me, jay carney is briefing. but bottom line from the standpoint of republicans, as negotiations with the white house have broken down, is that as eric cantor said a few minutes guy to reporters, they put the onus squarely on the president right now, saying that the action by the house today, which they say they have the votes to pass is the only concrete action to avoid the fiscal cliff. >> and the president has a decision to make. he can support these measures or be responsible for wreckless spending in the largest tax hike in am
. >> a perfect storm is brewing in washington and at this hour. the house gets set to vote on plan b which the white house has said is a nonstarter. house speaker boehner will hold a news conference in about 15 minutes or so. we will take it live here. first, to john hart wood at the white house. john? >> sue, we've had a pretty relentless game of messaging bing pong between democrats and republicans today. we hear from eric cantor about plan b that house intends to take up. then we...
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we have a facebook page they should jump on that and we can create a critical mass some show washington to work together. >> you were saying today, you have been going to wakes and funerals all day long. >> my husband coined a term which is awful, an assembly line of wakes and funerals. we can't figure out which one to go to we have to divide and conquer. the sandy hook teachers are struggling trying to get to as many as possible. and that is true for many of the parents we are struggling with that. >> you are often waiting two hours to get into pay your respects. two to five hours it is freezing cold and yesterday that is raining. that is a wonderful thing because so many people are coming out to support the families. our town is gridlocked with traffic with people from out of town and with the media. we have to plan to leave our houses sometimes an hour before you want to be there. we can think of nothing else but funerals and wakes and maybe taking a meal to somebody. >> andre, how is your son doing he was there? >> it is difficult to talk about that. he is a little guy. he keeps a l
we have a facebook page they should jump on that and we can create a critical mass some show washington to work together. >> you were saying today, you have been going to wakes and funerals all day long. >> my husband coined a term which is awful, an assembly line of wakes and funerals. we can't figure out which one to go to we have to divide and conquer. the sandy hook teachers are struggling trying to get to as many as possible. and that is true for many of the parents we are...
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it is the fact that washington is broken. i think that makes a lot of decisions for business people out there. starting to make decisions like maybe a leave the country. maybe all scale back my business. maybe i've won't hire anybody. where is the net impact on american business? >> the story of the last three or four years among the weakest recovery we have ever seen is uncertainty, people not knowing what the future's going to hold, and this this book with is the ultimate uncertainty. i think we made tip into recession even if the fiscal cliff is a very short duration. what we have to do is recognize, we are all americans. we have to be competitive. it's time to have a big tax reform. let's set the stage for not only valet to reagan boom, but the clinton boom years. excuses won't work. i think congress will finally get to the point where they have exhausted possibilities, and that is where we always know, we end up with one thing to do. the optimistic scenario. unfortunately, they will try everything else that is wrong. ger
it is the fact that washington is broken. i think that makes a lot of decisions for business people out there. starting to make decisions like maybe a leave the country. maybe all scale back my business. maybe i've won't hire anybody. where is the net impact on american business? >> the story of the last three or four years among the weakest recovery we have ever seen is uncertainty, people not knowing what the future's going to hold, and this this book with is the ultimate uncertainty. i...
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washington would be a ghost town overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get bailout at some point you i'm raid we'll bail out bankrupt pensions systems of california, illinois and some other states in effect copying the greek-french model of economic governance. melissa: yeah. >> it is bad news across the board but definitely bad policy as well because when you reward bad behavior, anybody who has kids knows, what do you get in the future? more bad behavior. melissa: how should we really deal with this from a serious perspective? i'm not in favor of bailing out these agencies. the post office example, let it go bankrupt. let pa of its services go private. somebody could come in, th should be a private equity turn around where you cut costs l
washington would be a ghost town overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get bailout at some point you i'm raid we'll bail out bankrupt pensions systems of california, illinois and some other...
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this is not some washington commission, that is not something where folks will be studying the issue for 6 months and publishing a respect -- report that gets read then pushed aside. lou: you will notice that president did not call for concrete proposals on mental health care opublic school security, or any of the other issues at issue in the connecticut shooting last week. at that same pros conference where he demanded gun control proposal, president blasting speaker of the house john boehner or only wants to raise taxes on millionaires. >> if you look at what the speaker has proposed, he has conceded that income tax rates should go up, right now he only wants them to go up for millionaires, if you make 900,000, he thinks you can't afford to pay more in taxes, but principal that rating are going up he has conceded. lou: you recall that president obama spent much of the past year, or year and a half, calling for higher taxes on millionaires and billion airs, the concessions that president referred to, leaving to more demands on the part of the president rather than a deal, congresswo
this is not some washington commission, that is not something where folks will be studying the issue for 6 months and publishing a respect -- report that gets read then pushed aside. lou: you will notice that president did not call for concrete proposals on mental health care opublic school security, or any of the other issues at issue in the connecticut shooting last week. at that same pros conference where he demanded gun control proposal, president blasting speaker of the house john boehner...
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money for a new roof at the smithsonian in washington, d.c. that was in bad shape even before sandy. that is the kind of stuff this irks mccain, this is taking good money, and taxpayers po who for2whofork it over on a good r. and you remembe these guys, helpers patting each other on the back. >> we're pleased that under leadership of janet napolitano and fema. >> fema has been fantastic. >> you hear nothing but good things g about fema about this continues to be my number one priority. neil: that is what really annoys the storm victims, not so much help was immediately on the way, buthey were high five each other, fooling the nation to thinking that help was already there. let's say staten islander, wall street veteran said, not every penny goes to victims, it goes to politicians, john, taken it to his own hands to help out people with volunteer project. wide wednesday respect among everybody. >> thank you, neil. neil: what do you think of this? all this money, and a lot not going to those affected? >> i wish i could get into my true staten is
money for a new roof at the smithsonian in washington, d.c. that was in bad shape even before sandy. that is the kind of stuff this irks mccain, this is taking good money, and taxpayers po who for2whofork it over on a good r. and you remembe these guys, helpers patting each other on the back. >> we're pleased that under leadership of janet napolitano and fema. >> fema has been fantastic. >> you hear nothing but good things g about fema about this continues to be my number one...
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david: let's move ahead to next year a lot depends what happens in washington. assuming something gets cobbled together is the economy ready to pick up a little more steam? >> my suspicion is yes, i am looking for a little more growth next year and i'm not convinced we'll see 3 or 4 handles with any regularity but we'll see numbers two or three when it comes to the quarterly figures. my view is premised three very nice things could be happening next year. one simply the housing market cover continues to recover. affordability is still very good. no one wanted to catch the falling knife when prices were falling now they're rising. there is pretty nice momentum behind it. there is no reason to think that stops. there could be a stutter step if deductions are capped. ultimately that could be sustained. you turn to the consumer sector, consumers are probably done deleveraging. burden of debt is actually looking quite light. so you get a bit of a pop from the consumer as well. the big x-factor is the business sector. they have been outright drag to be perfectly frank
david: let's move ahead to next year a lot depends what happens in washington. assuming something gets cobbled together is the economy ready to pick up a little more steam? >> my suspicion is yes, i am looking for a little more growth next year and i'm not convinced we'll see 3 or 4 handles with any regularity but we'll see numbers two or three when it comes to the quarterly figures. my view is premised three very nice things could be happening next year. one simply the housing market...
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this is disingoinous conversation in washington. we're talking about 100 trillion in unfunded liabilities and we're arguing over 800 billion in tax increases on 2% of the population. it really doesn't ask the very difficult question of the middle class, saying long term, do you want to take on a larger tax burden or do you want to make a serious cut to the social spending? right now neither of these plans really address that long-term problem. melissa: john, it does seem like everyone in washington has given up on the idea of trying to fix this problem. i mean that's, all the talk we're hearing about raising taxes. when you're spending $2 for every dollar you're bringing in, there aren't enough taxes in the world to solve that problem. you have to really reform spending. i just don't hear that in these conversations. >> the democrats have put nothing on the table. all they talk about --. melissa: or the republicans really. i mean do you hear anyone on either side really saying we will do serious reform to entitlements? it is only wa
this is disingoinous conversation in washington. we're talking about 100 trillion in unfunded liabilities and we're arguing over 800 billion in tax increases on 2% of the population. it really doesn't ask the very difficult question of the middle class, saying long term, do you want to take on a larger tax burden or do you want to make a serious cut to the social spending? right now neither of these plans really address that long-term problem. melissa: john, it does seem like everyone in...
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"morning joe" live from washington, d.c. is just moments away. l ♪ ♪ you have a heart of gold [ male announcer ] vera wang love. the new diamond bridal collection from vera wang. exclusively at zales. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers.
"morning joe" live from washington, d.c. is just moments away. l ♪ ♪ you have a heart of gold [ male announcer ] vera wang love. the new diamond bridal collection from vera wang. exclusively at zales. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up...
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Dec 20, 2012
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that's not the case when it comes to washington. we'll tell you why the fiscal cliff talks aren't so jolly. [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> oh the poll days aholidays time for people to put aside their differences and get together. it was five days ago, just five days that speaker of the house john boehner issued this statement, "i join the president and all americans in sending prayers and condolences to the victims and loved ones of newtown, connecticut." he sa
that's not the case when it comes to washington. we'll tell you why the fiscal cliff talks aren't so jolly. [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared...
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let's get to john harwood in washington. all right. john, if the house passes plan b tonight, what's next? >> i think next both chambers of congress go home for the weekend and leave the leadership to work with the white house on the potential for a solution that might pass. you know, we had dualing press conference this morning, brian. one was harry reid, democratic leader in the senate saying, once the house passes plan b the senate will do nothing about it. >> we are not taking up anything they are doing now. it is time for republican foes get serious. it is very, very unfortunate the republicans wasted an entire week on a number of pointless political stunt. and that'hat they've done. >> what we've got is a situation where there is still potential, still time for a deal next week when members of congress come back. but for the moment, brian, mostly no hopium around here. >> plan b. a nonstarter. thank you, john howard. >> up next on "street signs," we will dive back into the heherba. we have an analyst comesing on who says buy herb
let's get to john harwood in washington. all right. john, if the house passes plan b tonight, what's next? >> i think next both chambers of congress go home for the weekend and leave the leadership to work with the white house on the potential for a solution that might pass. you know, we had dualing press conference this morning, brian. one was harry reid, democratic leader in the senate saying, once the house passes plan b the senate will do nothing about it. >> we are not taking...
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in washington state roads are shut down the storm already cancelling dozens of flights. for the latest on what to expect let's go down to the weather center and our own january if is dean. >> good morning ladies. not only blizzard warnings we have tornado warnings as well. this new tornado watch has been issued for areas around the golf coast, louisiana, mississippi, alabama and the florida panhandle until noon local time. we have a couple of tornado warnings meaning we have strong location on doppler radar and our trained weather spotters are documenting this. north of jackson as well around the mobile alabama area seek shelter immediately. this is a big storm affecting a lot of folks. you can see the blizzard conditions all along the midwest up toward the great lakes area. there is that line where things are starting to freeze in milwaukee. freezing rain will cause treacherous driving conditions. snow accumulations from a foot to over 18 inches. we have over a foot on the ground just around the des moines area will stretch into the interior northeast as well. the threa
in washington state roads are shut down the storm already cancelling dozens of flights. for the latest on what to expect let's go down to the weather center and our own january if is dean. >> good morning ladies. not only blizzard warnings we have tornado warnings as well. this new tornado watch has been issued for areas around the golf coast, louisiana, mississippi, alabama and the florida panhandle until noon local time. we have a couple of tornado warnings meaning we have strong...
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in washington d.c. i was one of the more impoverished communities, what happens is you learn how to manipulate the system, one of the reasons marriage has broken down in poor communities, one person can be living in households of the other parent but one qualified for benefits as long as they don't mary. what has broken down in el welfare society is the test in washington, not the recipient's fault 100%. this bureaucracy in washington you want to have a fiscal crisis for fiscal quick debate let's talk about $400 billion in poverty programs we spend every year. stuart: let me go back to what you are doing in california when you were living on benefits. what did you get? you got food stamps, cash welfare, rental allowance, heating and cooling. what did you get? >> it is more comprehensive than that because you get 100% day care paid and 100% medical. all your medical is covered regardless what it is. you could have a scratch on your knee and going to the emergency room and get back cover for yourself and
in washington d.c. i was one of the more impoverished communities, what happens is you learn how to manipulate the system, one of the reasons marriage has broken down in poor communities, one person can be living in households of the other parent but one qualified for benefits as long as they don't mary. what has broken down in el welfare society is the test in washington, not the recipient's fault 100%. this bureaucracy in washington you want to have a fiscal crisis for fiscal quick debate...
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some stuff you may not know coming out of washington, d.c. joining us from there james rosen and carl cammeron. cammeron, what about the gun control debate? what's going on behind the scenes? >> well, behind the scenes there is a a lot of consternation. joe biden's panel will come back in a month and probably oppose assault weapons ban. when it lapsed it was democrats and republicans that let it expire and democrats and republicans involved with passing it back in the clinton era. democrats and republicans have the same problem here and tougher for democrats. there are lots of progun control democrats in states and regions with progun rights voters. last time it pass a lot of democrats lost their seats. there are progun control republicans but not a heck of a lot as and not as much a threat for them. >> bill: does president obama really have a heart for this fight? does he really care about this. >> is it a priority. number of battles last election tough one. an awful lot on the president's plate. if he gets into bruising brawl that could cos
some stuff you may not know coming out of washington, d.c. joining us from there james rosen and carl cammeron. cammeron, what about the gun control debate? what's going on behind the scenes? >> well, behind the scenes there is a a lot of consternation. joe biden's panel will come back in a month and probably oppose assault weapons ban. when it lapsed it was democrats and republicans that let it expire and democrats and republicans involved with passing it back in the clinton era....
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rich edson in washington. you want to stay with fox business for full coverage of the fiscal cliff showdown. neil cavuto will be all over at 8:00 eastern time. dennis: fiscal cliff phobia rising as the deadline approachedes, three possible scenarios womb. there is a long-term solution, compromise or going over the cliff and here with two different views on what is going to happen and who the winners and losers might be are the financial chief market strategist and ted parish of investments, let's start with you, you have the boldest prediction, you think there's a 55% chance we go over the cliff and yet you are not calling for any major change in your stock portfolio. why is that? >> i don't think there's any chance of getting a long-term solution given the frustration they're having with each side. compromise before the end of the year is lower than actually going over. i think we will go over the cliff but we will have time in the new year to actually come back and fix things in a hurry to ward off implicati
rich edson in washington. you want to stay with fox business for full coverage of the fiscal cliff showdown. neil cavuto will be all over at 8:00 eastern time. dennis: fiscal cliff phobia rising as the deadline approachedes, three possible scenarios womb. there is a long-term solution, compromise or going over the cliff and here with two different views on what is going to happen and who the winners and losers might be are the financial chief market strategist and ted parish of investments,...
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>> shepard: james rosen in washington. lawmakers attending a private screening of stephan spielberg lincoln on capitol hill tonight. the senate majority leader harry reid met with spielberg and the film's star daniel lewis before the showing. the event was exclusively for senators and their spouses but they apparently going the full movie going experience complete with popcorn and candy right inside the congressional auditorium. the life of a congressman. you can now keep tabs on iran's supreme leader and browse through his photos because the ayatollah al khomeini has apparently joined facebook. here is his profile page including instagramed cover photo. remember iran already bans web sites including facebook, and one commenter asked ayatollah if he used a work around to sign up but his staff had apparently started a twitter page for the ayatollah and that's where they posted a link to this new facebook page state department staffers say they will keep an eye on it. nearly one thousand files from the scene of a cet cut mas
>> shepard: james rosen in washington. lawmakers attending a private screening of stephan spielberg lincoln on capitol hill tonight. the senate majority leader harry reid met with spielberg and the film's star daniel lewis before the showing. the event was exclusively for senators and their spouses but they apparently going the full movie going experience complete with popcorn and candy right inside the congressional auditorium. the life of a congressman. you can now keep tabs on iran's...
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this is the core of what washington fight is about. we're spending so much more than we're taking in. he looks into that in great detail. lori: tracy byrnes and ashley webster with more good stuff as they guide you through the next hour of fox business. they talk with mark vitner, about the fiscal cliff, economy, markets, so much more so keep it here. tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. house speak inbarer says plan b is getting its day before the house. boehner says both sides need to keep working to avoid the cliff. do you think? the white house says there is not much more president obama can do. we'll bring you the very latest of all this stalemate that goes on. tracy: i love when they say, time to get series. ashley: that was weeks ago. tracy: right. the new york stock exchange teamed up with rival intercontinental exchange to take on the future is it victory for machine over man? reaction from the floor of the nicely coming up. ashley: to really mess up they say takes a computer. research in motion
this is the core of what washington fight is about. we're spending so much more than we're taking in. he looks into that in great detail. lori: tracy byrnes and ashley webster with more good stuff as they guide you through the next hour of fox business. they talk with mark vitner, about the fiscal cliff, economy, markets, so much more so keep it here. tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. house speak inbarer says plan b is getting its day before the house. boehner...
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abc's jonathan karl has all this from washington. all of the focus on speaker john boehner's fallback plan, what he is calling plan "b." >> reporter: that's right, george. talks have got son low, i would say this is the low point, that boehner is moving ahead with the backup plan that the president so opposes, he says he will veto. under plan "b" most of the tax cuts will be extended for those making over $1 million. for those over $1 million, the tax rates would go up. this could do nothing to address the issues. like spending cuts and the debt ceiling. democrats are calling this vote a waste of time. but, george, boehner is saying the president has a choice. support this plan or see a massive tax increase on virtually all americans after january 1st. >> yeah, they seem to think this is going to put the pressure back on the white house. but, jon, like you, i've been in touch with both sides overnight. and these talks right now are going absolutely nowhere. the chance that the country is going to go over that fiscal cliff are really
abc's jonathan karl has all this from washington. all of the focus on speaker john boehner's fallback plan, what he is calling plan "b." >> reporter: that's right, george. talks have got son low, i would say this is the low point, that boehner is moving ahead with the backup plan that the president so opposes, he says he will veto. under plan "b" most of the tax cuts will be extended for those making over $1 million. for those over $1 million, the tax rates would go...
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if people think that washington was not afraid of this issue, and the gun lobby, i invite them to join us in trying to get people to come on television to talk about it. we've never had such a time as we had sunday trying to find people to come on on "face the nation." i know our competitors had the same problems to get people who, you know had been pro-gun in the past to come on and tell us exactly what it is this issue is all about. >> bob -- >> it's a very difficult issue. >> let me turn to the fiscal cliff. do you think they're getting any closer? >> you know, i actually do. for all the doom and gloom talk i mean let's look at what happened here. i mean speaker boehner has now said he is willing to increase tax rates for the upper income people. he says people over $1 million. well i would remind you that that's chuck schumer's plan back there, democrat chuck schumer said that's the way to go on this. the president has also said he's willing to make deeper cuts but they just are not there yet, and you know the power of christmas is very powerful in washington, and that is the power
if people think that washington was not afraid of this issue, and the gun lobby, i invite them to join us in trying to get people to come on television to talk about it. we've never had such a time as we had sunday trying to find people to come on on "face the nation." i know our competitors had the same problems to get people who, you know had been pro-gun in the past to come on and tell us exactly what it is this issue is all about. >> bob -- >> it's a very difficult...
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>> yes. >>> anyway, let's get to washington news. house speaker john boehner is calling a vote on his so-called plan b. it would block tax increases on everyone january 1st except for those making more than $1 million. boehner hopes it will pressure the president to make concessions. >> he can call on the senate to pass that or he can be responsible for the largest tax increase in history. >> others are arguing that republics have painted themselves in a corner. >> take the deal. you are hurting people in order to give another advantage to folks who don't need help. and as of this morning, the fiscal cliff countdown, standing at 11 days. there it is on the board. we run it now even on the side of the screen during the day. it's one of the things, you say to yours, it is coming. >> theoretically. the end of the world countdown is one day. once we get through that -- >> we did pass that. >> we did. the journal has an interesting piece about small businesses. the president's plan would affect only 4%. but did you see how much of the inc
>> yes. >>> anyway, let's get to washington news. house speaker john boehner is calling a vote on his so-called plan b. it would block tax increases on everyone january 1st except for those making more than $1 million. boehner hopes it will pressure the president to make concessions. >> he can call on the senate to pass that or he can be responsible for the largest tax increase in history. >> others are arguing that republics have painted themselves in a corner....
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we know that they love free stuff here in washington. free movie tickets may have been tough for the guys to resist. it is possible that watching the lincoln movie, may have inspired the members of congress. at the very least. we know that a minimum of 150 minutes last night. two and half hours, that is the run time they were not talking about the fiscal cliff . it was not just a screening. director steven speil burg spent time with senator harry reid. the house is bracing for real business and this will get contentous. house speaker john boehner will bring his plan b to a vote today . it will raise taxes on those who make more than a million dollars a year. >> the house will pass legislation to make serminent tax relief for every american. 99.81 percent of the american people and then the president will have a decision to make . he can call on the senate democrats to pass the bill or he can be for the largest tax increase in american history. president obama said he will veto plan b. he is holding out a bigger deal that has a lower thre
we know that they love free stuff here in washington. free movie tickets may have been tough for the guys to resist. it is possible that watching the lincoln movie, may have inspired the members of congress. at the very least. we know that a minimum of 150 minutes last night. two and half hours, that is the run time they were not talking about the fiscal cliff . it was not just a screening. director steven speil burg spent time with senator harry reid. the house is bracing for real business and...
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the standoff in washington over how to avert the fiscal cliff. martha: if president obama and republicans and congress fail to reach a budget deal -pbl seniors coul, many seniors could see their medicare premiums go higher. they are paying very close attention to that. both sides agree to expand a little known law so morey tireees considered well off by the government are required to pay higher payments for premiums and proceed prescription coverage. about 5% of medicare beneficiaries pay higher premiums, that number could grow to 25% if the change goes through. the higher premiums would kick in for individuals making more h-pb $85,000 and couplethan $85,000. and couples making more than $130,000. >> five more victims of last friday's deadly massacre are being laid to rest. six-year-old catherine hubbard. annmarie murphy. benjamin wheeler and six-year-old allison wyatt. five of 26 lives the community is still trying to cope with that are now gone. >> we haven't had to look too far to find sadness and we are finding sadness again today. we've just
the standoff in washington over how to avert the fiscal cliff. martha: if president obama and republicans and congress fail to reach a budget deal -pbl seniors coul, many seniors could see their medicare premiums go higher. they are paying very close attention to that. both sides agree to expand a little known law so morey tireees considered well off by the government are required to pay higher payments for premiums and proceed prescription coverage. about 5% of medicare beneficiaries pay...
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chief washington correspondent john harwood is in d.c. with the latest. we can only hope today is as interesting as yesterday was, john. >> yeah, maybe a little bit more blow ducktive as well. what we have got john boehner trying to -- facing resistance within his caucus, trying to rally them to a position that -- of political safety as against president obama. so what he has got with plan b is a two-part approach. one has about 200 billion dollars in cuts too avert the sequester, which would hit the pentagon very hard, something republicans don't want. it's loaded up with politically volatile things democrats could never accept, cuts to food stamps, cuts to obama care, that sort of thing. then he has also got a tax cut for everybody under $1 million in income. so, that extends the bush tax cuts but for many more people than the president wants to. he said he is going to veto this approach. this it is a challenge for the speaker to get the votes to pass it because many republicans don't want to go, carl, for any tax increase for anyone, including milliona
chief washington correspondent john harwood is in d.c. with the latest. we can only hope today is as interesting as yesterday was, john. >> yeah, maybe a little bit more blow ducktive as well. what we have got john boehner trying to -- facing resistance within his caucus, trying to rally them to a position that -- of political safety as against president obama. so what he has got with plan b is a two-part approach. one has about 200 billion dollars in cuts too avert the sequester, which...